Powell Industries (POWL) is Downgraded by Sidoti to Neutral, Price Target at $42

Powell Industries (POWL) was Downgraded by Sidoti to ” Neutral” and the brokerage firm has set the Price Target at $42. Earlier the firm had a rating of “Buy ” on the company shares. Sidoti advised their investors in a research report released on Jul 6, 2016.

On the company’s financial health, Powell Industries reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.40 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.29. The company had revenue of $152.27 million for the quarter, compared to analysts expectations of $144.44 million. The company’s revenue was down -10.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.17 EPS.

Powell Industries closed down -0.06 points or -0.15% at $39.23 with 68,291 shares getting traded on Tuesday. Post opening the session at $39.17, the shares hit an intraday low of $38.62 and an intraday high of $39.43 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on May 10, 2016, Richard E Williams (director) purchased 1,000 shares at $33.79 per share price. According to the SEC, on Sep 21, 2015, Joseph L Becherer (director) purchased 180 shares at $28.83 per share price.

Powell Industries Inc. (Powell) develops designs manufactures and services custom engineered-to-order equipment and systems for the management and control of electrical energy and other critical processes. The Company’s wholly owned subsidiaries include: Powell Electrical Systems Inc.; Transdyn Inc.; Powell Industries International B.V.; Switchgear & Instrumentation Limited (S&I) and Powell Canada Inc. The Company’s business operations are consolidated into two business segments: Electrical Power Products and Process Control Systems. The Electrical Power Products business segment develops designs manufactures and markets custom engineered-to-order electrical power distribution and control systems designed to distribute monitor and control the flow of electrical energy and to provide protection to motors transformers and other electrically-powered equipment.

Powell Industries

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